On Mortgages and Credit Card Fear
If you were a mortgage lender, how comfortable would you feel extending hundreds of thousands in credit to someone who can't trust himself with managing debt?...
Tag: credit card debt
Americans Set New Credit Card Debt Repayment Records
U.S. credit card charge-offs fell to 3.88% in February; the delinquency rate rose to 1.61%; the monthly payment rate fell to 24.83%. All of these are records....
Americans Take on More Auto and Student Loans, Credit Card Debt Total Unchanged
The latest Federal Reserve data show that Americans have taken on more student debt and auto loans in January, while their credit card debt total is unchanged....
U.S. Student Debt Problem Quickly Deteriorates
Americans take on ever more student loans, but can't keep up with debt repayments; 11.7% of student loans were delinquent in 2012 Q4, up from 11% in 2012 Q3....
Do You Have More Savings or Credit Card Debt?
If you owe more on your credit cards than you have in savings, you are not alone, far from it: a quarter of Americans are in the same boat as you are....